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Government Intervention and Strategic Trading in the U.S. Treasury Market

Pasquariello, Paolo - 2012

We study the impact of outright (i.e., permanent) open market operations (POMOs) by the Federal Reserve Bank of New York (FRBNY) on the microstructure of the secondary U.S. Treasury market. POMOs are trades in U.S. Treasury securities aimed at accomplishing the Federal Reserve's target level of...

Persistent link: https://www.econbiz.de/10013115179

An event study of COVID-19 central bank quantitative easing in advanced and emerging economies

Hartley, Jonathan; Rebucci, Alessandro - 2020

Persistent link: https://www.econbiz.de/10012228897

The impact of the ECB asset purchases on the European bond market structure: granular evidence on ownership concentration

Boermans, Martijn; Keshkov, Viacheslav - 2018

Persistent link: https://www.econbiz.de/10011844664

Can EU bonds serve as euro- denominated safe assets?

Bletzinger, Tilman; Greif, William; Schwaab, Bernd - 2022

A safe asset is of high credit quality, retains its value in bad times, and is traded in liquid markets. We show that bonds issued by the European Union (EU) are widely considered to be of high credit quality, and that their yield spread over German Bunds remained contained during the 2020...